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Politics : Politics for Pros- moderated

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To: DMaA who wrote (267725)	9/11/2008 9:36:29 AM
From: carranza2	Read Replies (1) of 793991

Perhaps but at least it would keep the gov't from incurring additional debt which, IMO, is the problem. We have unfunded liabilities whose present value is in the trillions. Reflect on that. It means that we have debt in the trillions for which no provisions have been made. Those trillions will grow larger as the time to pay them approaches. If we diminish this debt through the printing press, we will have inflation like we have never seen before. The gov't is the equivalent of a wage earner who makes $20K a year but has a $2 million ARM mortgage about to re-set, negative equity in his home, $100k in credit card debt, five kids, a country club membership, and a leased Mercedes. In other words, a train wreck in the making.

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